Tech stocks lift Nasdaq and Dow to record closes on AOL Time Warner deal
The Nasdaq rose 167.05 to 4049.67 and the Dow gained 49.64 to 11572.20 as investors cheered the planned 160 billion merger of America Online and Time Warner. NYSE volume was 1.03 billion shares with 12 Eastern Iowa gainers, 27 decliners. IBM backs Linux across servers to boost Internet commerce.
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America Online
Time Warner
New York Stock Exchange
NYSE
Iowa
US Cellular
McLeodusa
National Computer Systems
AmerOnlines
LucentTechs
Disney
At&t Corps
American Stock Exchange
Cisco
DOW Jones
Che
Ind
Tran Indus
Standard & Poor's Indust
Transpt
Wilshire Associates
AOL buys Time Warner in record $160 billion merger
Time Warner to merge with America Online in a stock deal valued at about 160 billion dollars. The tie unites media content and online access to form AOL Time Warner with 55 percent of shares owned by AOL. Board seats split evenly.
MENTIONED IN THIS ARTICLE
New York
Time Warner
America Online
Steve Case
New York Stock Exchange
AOL
Novartis seeks five year tax abatement for Lone Tree plant
Novartis Seeds Inc. asks Johnson County Supervisors for a five year tax break on four million dollars of new Lone Tree facilities. William Creps says the seed industry faces high costs and cites the Madison Wisconsin closure. A 1.5 million bulk storage expansion was completed in October. a hybrid corn seed treatment pilot plant started in August and should finish in March with the abatement aiding future site evaluations.
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Iowa City
Novartis Seeds Inc
Johnson County
Lone Tree
William Creps
Golden Valley
Madison, Wis
Creps
GM Buys Rest Of Saab In International Expansion
General Motors Corp. completed its takeover of the remaining 50 percent stake in Swedish luxury automaker Saab Automobile AB it did not own. Terms were not disclosed as GM expands in overseas markets, following prior moves such as acquiring 20 percent of Subaru and negotiating with Daewoo.
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Detroit
General Motors Corp
Saab Automobile AB
Subaru
Honda Motor Co
Daewoo
Police Law Institute Moves to Oakdale Research Park
The Police Law Institute Inc moved from the UI Technology Innovation Center incubator to UI Oakdale Research Park. Executive director Robert W Wennerholm leads seven employees delivering software and monthly legal updates to law enforcement agencies mainly in Florida and Illinois. The firm relocated Dec 31 to Myriad Technology Plaza Suite 100 2658 Crosspark Rd. This marks the 13th incubator exit and eighth expansion to the research park.
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Iowa City Gazette
Oakdale
Police Law Institute Inc
University of Iowa Technology Innovation Center
UI Oakdale
Myriad Technology Plaza
Suite 100
Crosspark Rd
Florida
Illinois
Robert W. Wennerholm
Iowa
Police Law Institute
Technology Innovation Center
Clinton aims to bolster farm aid plans in 2001 budget
Agriculture Secretary Dan Glickman said the Clinton administration will seek major changes to federal farm programs to expand income support for producers as part of the 2001 budget proposals. He noted the 1996 reform narrowed subsidies and left farmers vulnerable during low-price periods. Grassley criticized plans, urging renewed emergency aid and faster moves to boost markets. Congress has provided 15 billion in recent years for weather losses and price declines.
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Washington
Clinton
Agriculture
Dan Glickman
Glickman
Chuck Grassley
Grassley
Congress
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Time Icq People Sports Illustrated
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Winamp
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The
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Amex
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Welter
Blairs Ferry
Cedar Rapids
Monticello
California
Scholastic
Paramount Theatre
Five Seasons Center
Ticketmaster
Fox
Bus Adventures
Donolastic Inc
Scholastic Inc
Joanna Cole
Bruce Degen
Fox Kids Network
Mscholasti Gr
Gazette
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